Back

Fort Bonifacio Develoment Corporation Vs. Commissioner of Internal Revenue and Revenue District Officer, etc. [CONCURRING OPINION ABAD]

FORT BONIFACIO DEVELOPMENT CORPORATION, Petitioner. versus COMMISSIONER OF INTERNAL REVENUE and REVENUE DISTRICT OFFICER, REVENUE DISTRICT NO. 44, TAGUIG and PATEROS, BUREAU OF INTERNAL REVENUE, [CONCURRING OPINION ABAD]

G.R. No. 173425 [CONCURRING OPINION ABAD] | 2012-09-04

CONCURRING OPINION

ABAD, J.:

I fully concur in Justice Mariano C. Del Castillo's ponencia and disagree with Justice Antonio T. Carpio's points of dissent. In 1992 Congress enacted Republic Act (R.A.) 7227 creating the Bases Conversion Development Authority (BCDA) for the purpose of raising funds through the sale to private investors of military lands in Metro Manila. To do this, the BCDA established the Fort Bonifacio Development Corp. (FBDC), a registered corporation, to enable the latter to develop the 214-hectare military camp in Fort Bonifacio, Taguig, for mix residential and commercial purposes. On February 8, 1995 the Government...